Unilever (LON:ULVR) Reaches New 52-Week High – Should You Buy?

Unilever PLC (LON:ULVR) hit a new 52-week high during trading on Thursday . The company traded as high as GBX 5,133 and last traded at GBX 5,116, with a volume of 192080328 shares changing hands. The stock had previously closed at GBX 5,045.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. UBS Group reaffirmed a “sell” rating and set a GBX 4,120 target price on shares of Unilever in a research report on Friday, October 17th. Berenberg Bank boosted their price objective on shares of Unilever from GBX 5,530 to GBX 5,600 and gave the stock a “buy” rating in a research note on Friday, January 16th. Finally, JPMorgan Chase & Co. raised their target price on shares of Unilever from GBX 5,400 to GBX 5,700 and gave the company an “overweight” rating in a research note on Wednesday, November 26th. Three investment analysts have rated the stock with a Buy rating and three have given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of GBX 4,695.

Unilever Stock Performance

The company has a current ratio of 0.77, a quick ratio of 0.49 and a debt-to-equity ratio of 155.87. The stock has a market capitalization of £114.49 billion, a P/E ratio of 20.83, a P/E/G ratio of 16.72 and a beta of 0.22. The business’s fifty day simple moving average is GBX 4,796.32 and its two-hundred day simple moving average is GBX 4,634.98.

Insider Buying and Selling at Unilever

In other news, insider Zoe Yujnovich bought 1,610 shares of the firm’s stock in a transaction that occurred on Tuesday, November 18th. The shares were acquired at an average cost of GBX 4,466 per share, with a total value of £71,902.60. Insiders own 1.39% of the company’s stock.

Unilever Company Profile

Unilever is one of the world’s leading suppliers of Beauty, Personal Care, Home Care, Nutrition, and Ice Cream products, with sales in over 190 countries and products used by 3.4 billion people every day. We have 148,000 employees and generated sales of €60.1 billion in 2022. 59% of our footprint is in developing and emerging markets. We have around 400 brands found in homes all over the world, 13 of which are in the top 50 consumer goods brands. Some of our iconic global brands include Dove, Hellmann’s, Knorr, Magnum, OMO and Surf.

Our vision is to be the global leader in sustainable business and to demonstrate how our purpose-led, future-fit business model drives superior performance.